American Lithium (CVE:LI) Reaches New 52-Week Low at $0.63

American Lithium Corp. (CVE:LI) shares reached a new 52-week low on Monday . The company traded as low as C$0.63 and last traded at C$0.64, with a volume of 99983 shares. The stock had previously closed at C$0.65.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. National Bank Financial raised shares of American Lithium to a “strong-buy” rating in a research note on Thursday, June 6th. National Bankshares set a C$1.50 price target on shares of American Lithium and gave the stock an “outperform” rating in a research note on Thursday, June 6th.

American Lithium Price Performance

The company’s fifty day moving average is C$0.83 and its 200 day moving average is C$0.95. The firm has a market cap of C$135.24 million, a price-to-earnings ratio of -3.20 and a beta of 2.36. The company has a quick ratio of 1.45, a current ratio of 10.73 and a debt-to-equity ratio of 0.10.

American Lithium (CVE:LI) last announced its earnings results on Thursday, May 30th. The company reported C($0.03) EPS for the quarter, missing the consensus estimate of C($0.02) by C($0.01). On average, equities research analysts predict that American Lithium Corp. will post -0.0691633 EPS for the current year.

About American Lithium

American Lithium Corp., an exploration and development stage company, engages in the acquisition, exploration, and development of resource properties in the United States. It principally focuses on the TLC Lithium Project located in the town of Tonopah, Nevada; and the Falchani Lithium project and the Macusani Uranium project located in Puno, Peru.